Octopus Micro Finance presentation
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Octopus Micro Finance presentation

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Octopus leads a world wide community of agile and lean practitionners aimed at improving the efficiency of Micro Finance Institutions

Octopus leads a world wide community of agile and lean practitionners aimed at improving the efficiency of Micro Finance Institutions

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  • Aliénation (j’achète un package up front, à un fournisseur, j’ai des coûts cachés à terme) versus Liberté (j’achète quand je veux, comme je veux, à qui je veux) Prédiction Gartner : d’ici 2012, 90% des logiciels commerciaux contiendront un composant Open Source.

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  • 1. An Open Source platform for Micro Finance Pierre PEZZIARDI, President Vincent BIOT, Chief Operating Officer
  • 2. History
    • 2005 : An IT Consulting Company and an NGO meet
    • 2006-2008 : OCTOPUS incubated in OCTO
      • Creation of the «  Linux de la Micro Finance  »
    • 2009 : Creation of Octopus Micro Finance as a private company
  • 3. Market
    • 3 Billion persons in the world with no access to financial services
    • 10 000 Micro Finance Institutions (MFI), +30% per year
      • 90% of them use a rudimentary Management Information System that impedes their efficiency : manual, unsecured, obsolete, not flexible
    • Failure of classical business models of IT in this context
      • Packaged software, license fees, fool’s bargains eluding risks and change, and technical complexity requiring specialists
  • 4. What is the problem ?
    • Though small organizations , MFIs need to gather many expertises
      • Customer management, delinquency management
      • Financial products marketing and management
      • Profitability and Social Impact management
      • Risk management
      • Accounting and Regulatory Compliance
      • … and IT - a mirror of all those expertises - not managed by 90% of them
    • Some succeed, some don’t, or won’t
      • High risks situations : fast growth, credit risk, operational risks, operational costs increase, unknown social impact, low access to donors
    • Connecting micro-finance expertises through IT is a valuable help
      • That MFIs need now!
  • 5. Our goal
    • Increase financial services affordability for the poorest
    • By creating autonomy among Octopus users
    • With a world wide community of practitioners in Agile and Lean techniques
    • More than Open Source product , a continuous improvement process , connecting MFIs and IT specialists
  • 6. Why Open Source ? costs value Procurement -led : the user is a customer (1960-2000) t value costs Adoption -led : the user becomes a customer (2000+) t Test alone Deploy with an expert Innovate with another expert RFP, MIS in-a-box maintenance, new licenses
  • 7. Benefits
    • Freedom
      • MFIs buy what they need, when they need it, and from whom they want
    • Community
      • It’s easy to step into the community and contribute : one translation, one paragraph in the documentation, one new feature, one piece of code, one end-user support …
    • Continuous Improvement
      • The software improves with its community
      • Octopus specialists are also skilled in “soft techniques” : focus on the value of IT (lean management) and change management
  • 8. Our positioning 20% of our revenues 80% of our social impact 80% of our revenues and energy 20% of our social impact Tiers 1 (banks) Tiers 2 : profitable MFIs Tiers 3 : small MFIs
  • 9. Business model SaaS Services & Consulting A hosted service that totally manages MFIs’ MIS Customers, loans, savings, accounting, reporting Training Setup Coaching Specific developments Funding : MFI (fee as a % of revenues if profitable) Funding : MFI , Institutional
  • 10. Social impact : some of our users Oxus (Afghanistan) MUNCSMED (Fiji) African Gate Support (Ghana) Informatici Senza Frontiere (Madagascar) AIRDIE (France) Oxus (Kyrgyzstan) Bardar (Kyrgyzstan) Pik and Cie (Kyrgyzstan) Sambahav (India) MSS (India) IIMC (India) Oxus (Tajikistan) ABM Credit (Kazakhzstan) Baï jurt (Kyrgyzstan) GFI (Cameroun) …
  • 11. WWW.OCTOPUSNETWORK.ORG © Octopus Microfinance 2009